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GMB - Glenrand M.I.B Limited - Trading statement
Glenrand M.I.B Limited
(A Licenced Financial Services Provider)
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share Code: GMB ISIN: ZAE000078010
("Glenrand M.I.B") ("the Group")
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will be more than 20%
different from those of the previous corresponding period.
Accordingly, shareholders are advised that the headline earnings per share for
the six months ended 31 December 2009 are expected to be a profit between 4,5
and 5,4 cents compared to the headline earnings per share of 9,6 cents for the
previous corresponding period. The earnings per share for the six months are
expected to be a profit between 3,5 and 4,2 cents compared to the earnings of
9,1 cents per share for the previous corresponding period. The decline is
mainly attributable to a decrease in investment income amounting to 2,9 cents
per share.
The information in this trading statement has been prepared in accordance with
International Financial Reporting Standards (IFRS) and has not been reviewed or
reported on by Glenrand M.I.B`s auditors. The Group`s unaudited interim results
for the six months ended 31 December 2009 are expected to be published on or
about 2 March 2010.
23 February 2010
Investment Bank and Sponsor
Nedbank Capital
Date: 23/02/2010 14:10:04 Produced by the JSE SENS Department.
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